Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Expands By 37.7%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 85,100 shares, a growth of 37.7% from the March 15th total of 61,800 shares. Based on an average daily volume of 283,800 shares, the days-to-cover ratio is currently 0.3 days.

Mercedes-Benz Group Stock Performance

MBGYY stock traded down C$0.46 on Monday, hitting C$19.88. 144,300 shares of the company were exchanged, compared to its average volume of 208,414. Mercedes-Benz Group has a twelve month low of C$14.53 and a twelve month high of C$20.81. The business’s fifty day moving average is C$19.34 and its two-hundred day moving average is C$17.50.

Mercedes-Benz Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a $1.0131 dividend. The ex-dividend date of this dividend is Thursday, May 9th.

Analyst Ratings Changes

MBGYY has been the topic of several analyst reports. Barclays raised shares of Mercedes-Benz Group from an “equal weight” rating to an “overweight” rating in a report on Friday, February 23rd. Redburn Atlantic started coverage on shares of Mercedes-Benz Group in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.